The Access Group
| File:The Access Group logo.svg | |
| Private | |
| ISIN | 🆔 |
| Industry | Software consultancy and developer |
| Founded 📆 | UK (1991) |
| Founder 👔 | |
| Headquarters 🏙️ | Stratford st Mary, UK |
Area served 🗺️ | |
Key people | Chris Bayne, CEO[1] |
| Products 📟 | Access Dimensions, FocalPoint, Dimensions Lite, SupplyChain (ERP), Access Insight, thankQ, GoldMine (CRM), Dashboard, Service Manager, SelectHR, SelectPay (HR & payroll), Access Delta, TeamSeer, PeoplePlanner. |
| Revenue🤑 | £143.1m (2018)[2] |
| Members | |
Number of employees | 1500 (2019)[2] |
| 🌐 Website | theaccessgroup.com |
| 📇 Address | |
| 📞 telephone | |
The Access Group is a software consultancy and developer, selling primarily to UK mid-market businesses [3] with 19 offices across the UK and France[4] The organisation was founded in 1991 with its current structure formed in June 2009 following the absorption of five companies[5] into a single operation. Since 2011, Access has been mostly owned by Private Equity companies, first Lyceum Capital, then from 2015 TA Associates and in 2018 Hg Capital.[6]
History[edit]
1991-1995: Early development[edit]
This period saw founding company Access Accounting focus on building its business and accounting software. Early products included entry-level accounting systems such as Access Horizons and Access Foundations.
1996 - 2007[edit]
In 1996, Access Accounting developed Access Dimensions. This was joined by middleware application Transaction Broker (1998) to facilitate integration at mid-market level. Integration with Microsoft Office (2002) and Outlook Today (2005) saw the company’s initial entry into Business Intelligence software.
Other software releases include integrated CRM, Dimensions Manufacturing/BoM (Bill of Materials) and Access Analytics ‘data cube’ technology (2006), followed by a reverse change VAT upgrade in 2007 to combat carousel fraud.
2008 - 2011[edit]
In 2008, Access Accounting released Accounting for Carbon Emissions (ACE) to help businesses calculate and understand the amount of CO2 they produce.
In 2009, the company released its web-based solution FocalPoint.
The company re-branded in June 2009,[7] absorbing Access Accounting and its four subsidiaries to become Access Group. Recent additions include Stock Forecasting functionality (2009) and a Dashboard business intelligence product (2010). The company added HR to its portfolio in 2010 via the acquisition of Canterbury-based Select Software.[8] The company was rebranded Access Select.
In 2011, the group launched its web services API Application Programming Interface, allowing its financial software to be integrated with third-party, on-premises software. In the same year, Access Mobile was released, making functionality such as timesheets and expenses available on the iPhone [9] and BlackBerry.
2011 - 2017[edit]
In March 2011, there was an MBO of Access led by its existing directors and private equity firm Lyceum Capital.
Since then Access has grown both through continued double-digit organic growth and acquisition. It has acquired the following companies/technologies:
- DeltaWMS - warehouse management software
- Prelytis - SaaS-based business intelligence software
- thankQ - fundraising and CRM software for the not-for-profit sector
- Sazneo -SaaS-based communication technology
- TeamSeer - SaaS-based absence management solution
- PeoplePlanner - SaaS-based workforce management software
- Rapidata - A direct debit bureau with a focus on the not-for-profit sector
- First Choice Software - A leading provider of recruitment software[10]
- HCSS Education - Offers industry leading software across your whole educational establishment[11]
2018 - Present[edit]
In April 2018, The Access Group raised additional funding from Hg Capital, giving the company an enterprise valuation of £1 billion.[12]
Following the injection of new investment from HG, there have been some additional acquisitions:
- Design my night - A nationwide booking service for bars, pubs, restaurants and clubs[13]
- ProcureWizard - A leading all-in-one hospitality management solution[14]
- Microdec - A leading global supplier of specialist recruitment software[15]
- Volcanic - SaaS-based website and marketing technology platforms for the recruitment sector[16]
- Unicorn Training - Leading provider of learning technology solutions[17]
- Joyful - Supplier of not-for-profit donor and member attraction website software[18]
In May 2019, The Access Group were highlighted as one of the UK's 'Tech Unicorns' alongside companies such as Monzo, Deliveroo, Brewdog and others[19]
Products[edit]
- Access Dimensions is a modular accounting and financial management suite including financials, job costing, stock control, document management, reporting and payroll.
- Access Financials is a modern SaaS accounting and financial management suite including core finance, project ledger, job costing, document management, reporting and payroll delivered through Access Workspace
- FocalPoint is a web-served portal which integrates with Dimensions-format databases, for viewing & approval, and other resources including purchase orders, invoices, expenses, timesheets and other items online.
- SelectPay is a HM Revenue and Customs-approved payroll.
- SelectHR is a .NET based solution including functionality such as recruitment, training, self-service and payroll integration.
- Access SupplyChain is an ERP solution, with functionality for manufacturing, distribution and warehousing organisations.
- Access Service Manager offers service management functions such as call centre management, job scheduling, PPM, contract management and meter billing.
- Access Mobile extends functionality offered by Access FocalPoint such as expenses management and timesheets to mobile devices.
- Access Dashboard offers a high-level view of the business, presenting key performance indicators (KPIs) through graphical charts and graphs.
- Access Horizons and Access Foundations are entry-level accounting systems providing core financial functionality and a range of commercial tools for small to mid-sized businesses.
- Access CRM is a customer relationship management tool with activity tracking, pipeline management and marketing tools delivered through Access Workspace
- Access Alto Cloud Hosting is provided as a VMware and OpenStack managed cloud hosting solution with optional Disaster Recovery as a Service and Backup as a Service solutions.
- Access TeamSeer is provided as a web-based workforce management system for automated staff absence approvals, tracking absenteeism and managing teams.
Accreditations[edit]
Access Group is a Microsoft Gold Certified Partner and is a member of the Business Application Software Developers Association (BASDA).[20] Individual Access solutions are accredited by industry authorities, including HM Revenue and Customs and the ICAEW (Institute of Chartered Accountants in England and Wales).
See also[edit]
References[edit]
- ↑ http://www.theaccessgroup.com/about-us/meet-the-team.aspx
- ↑ 2.0 2.1 https://www.theaccessgroup.com/company/news/uk-tech-unicorn-the-access-group-reports-42-annual-turnover-growth-and-70-ebitda-growth/
- ↑ "FSN Business Systems News and Analysis".
- ↑ Stratford St Mary near Colchester, Harpenden, Sheffield, Canterbury, London City, Edinburgh, Canterbury, Hastings, Bangor, Manchester, Loughborough, Nuneaton, Dublin, and Paris. -"The Access Group office locations".
- ↑ Access Accounting, Armstrong Consultants, Access Accounting Ireland, Asyst Solutions and Access Supply Chain
- ↑ Gordon, Ollie (19 January 2015). "US private equity giant TA Associates swoops for Essex-based software firm Access Group". City AM. Retrieved 11 May 2019.
- ↑ Access completes rebrand project with launch of new website
- ↑ Access acquires mid-market HR solutions provider Select Software
- ↑ iPhone expense management software released by Access | Access UK
- ↑ https://www.crunchbase.com/acquisition/the-access-group-2-acquires-first-choice-software-ltd--a6b06416
- ↑ https://www.crunchbase.com/acquisition/the-access-group-2-acquires-hcss-education--08cca4da
- ↑ https://www.hgcapitaltrust.com/news-and-media/press-releases/pr-2018/pr-10-04-2018.aspx
- ↑ https://barmagazine.co.uk/bar-listings-bookings-site-acquired-software-group/
- ↑ http://purchasinginsight.com/access-group-acquires-procurement-software-business/
- ↑ http://www.onrec.com/news/news-archive/access-acquires-microdec-and-continues-significant-expansion-of-recruitment
- ↑ https://www.businesscloud.co.uk/news/fast-growing-volcanic-acquired-by-access-group
- ↑ https://learningnews.com/news/unicorn-training/2019/the-access-group-welcomes-unicorn-to-the-family
- ↑ https://fundraising.co.uk/2019/05/14/access-group-acquires-joyful-to-enhance-charity-membership-suite/
- ↑ https://www.techworld.com/picture-gallery/startups/who-are-uks-unicorns-how-did-they-reach-their-valuations-3687718/
- ↑ Members
External links[edit]
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